Streetwise

A Turning Point for Stocks?

U.S. stocks are starting to look expensive, especially given Corporate America's meager profit growth, but investors are still drinking from the punch bowl the Federal Reserve has spiked with easy money.

In honor of Oxford Dictionaries' 2013 word of the year -- which happens to be "selfie," a smartphone self-portrait -- let's all take a moment for a quickie selfie. Everybody say cheese -- or better yet, QEs!

From our toothy grins, it's clear how far we've come from 2008, when the words of the year were "credit crunch," or even 2011, when they were "squeezed middle." Oh, the middle class today is still squeezed, but rallying stock portfolios and repairing home prices have helped us move on to...